Looks like we are nearing ''a bottom'' if the ''the bottom''. I have been plotting this massive 5 wave move which started at 7400. We are now in the wave 5, which should come to an end soon.
Background: This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
Getting closer, I started to see a bigger picture coming together:
As it bounced, 4425 came into focus as the big hurdle:
After it topped at 4425, a rising wedge combined with EW waves pointed to a serious pullback:
My last plot showed two possible paths forward from there:
So now zooming back out to the original large 5 wave impulse, targets are in sight again:
Hello . Thanks for the chart.
What do you think of Bitcoin for the next year?
tanx of you
EuroMotif
⋅
@AIDIN66030, Hello and htanks for your comment.
For the future, I expect something similar to the dotcom bubble/rise, but at a faster pace.
So for 2019 I would not be surprised with a very slow rise or range bound, waiting for use cases.
Like Amazon, eBay, and others that came out of the dotcom bust, so should a few coins (but many will fall away)
WaveRider1423
⋅
Nice work mate!
EuroMotif
⋅
@tuamen, ty my friend
Mysticeti
⋅
Thanks for sharing your accurate work Bro :o)
best regards
EuroMotif
⋅
@RAFALEZ, yw and ty for the kind words!
Being a bull on crypto, it is quite painful to plot the demise :(